14 DAY TRIAL // Apple beat the analysts’ predictions for the last quarter of 2013. In a press release published by the Cupertino, California-based Tech giant, they announce the financial results and sales numbers for the most important devices.
As expected by some analysts, Apple went up with their financial results. The quarterly revenue reached $37.4 billion and the quarterly net profit was at $7.7 billion, or $1.28 per diluted share. If one compares these results with last year's, everything went up. In Q3 2013, the revenue was of $35.3 billion and net profit reached $6.9 billion, or $1.07 per diluted share.
Apple's CEO, Tim Cook believes that the new record was fueled by strong sales of iPhone and Mac. “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce,” said Cook.
“We generated $10.3 billion in cash flow from operations and returned over $8 billion in cash to shareholders through dividends and share repurchases during the June quarter,” said Luca Maestri, Apple’s CFO. “We have now taken action on over $74 billion of our $130 billion capital return program with six quarters remaining to its completion.”
Apple has also provided the expected numbers for the fourth fiscal quarter of 2014. They think that the revenue is going to be between $37 billion and $40 billion, the gross margin is going to range between 37 and 38 percent.